Bhaskaran Chackrapani Warrier's Expert Profile

Queries Replied : 22307

Graduate of Kerala University.

Fellow member of ICAI.

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Aditya Patil says : Advanced accounting
In study material 3 of advanced accounting pg no. 7.18 for calculating unrealised profit they have taken increase in stock i.e. opening less closing, however in other remaining sums the cost element is calculated on closing stock. Why this is so ?? Kindly help ! Thank you !

Abul Lais says : Capital gain tax
Dear sir, we have a agricultural property which was bought in November 1986 consisting of 11 partners. We are planning to sell it for 20cr. Could you guide me on capital gain tax as to how to save tax or if tax payable how much would it be?

MANAS RANJAN says : service tax under work contract
Dear sir Is service tax applicable / liable to pay on advance payment received from service receiver under work contract services for the fy-2015-16 Service provider is- Non-Body corporate Service Receiver is-Body corporate RCM Applicable For example. we have receipts as advance of Rs.20 lakhs from service receiver 1st half for the fy-2015-16 above cases is service tax applicable / liable to pay of service provider and same shall be file the return

Hardik Patel says : Accounting of Partnership
Hello Sir, Suppose Partnership firm is doing business since August, 2016. But legally its comes to existence on February 2017 by partnership deed. So my question is what are the treatment of prior period Income earned and Expense incurred by partnership firm in their books of accounts as per Income Tax Act? Can we account the same as per normal accounting principal? I am requesting you to please help me in this regards with proper provision.

CA. Vikram Singh Chundawat says : ITR filing of Residential Apartment
If residential apartment is to be treated as AOP, than whether all flat owner detail required to be given in Schedule Part A- General 2 (E) or only managing committee detail required., Further if new flat owner become member, than is it to be shown in Point A, any change in previous year ? Kindly provide solution. Thanks in Advance